You Started Your First Job After Graduating from College

question 28

Multiple Choice

You started your first job after graduating from college. Your company offers a retirement plan for which the company contributes 50 percent of what you contribute each year. You expect to contribute $4,000 per year from your salary. You decide to invest the contributions in assets that you expect to earn 8 percent per year. If you plan to retire in 35 years, how big will you expect that retirement account to be?

• A) $689,267.21
• B) $823,147.29
• C) $1,033,900.82
• D) $1,308,427.41